Connect with us

Leader board

Local Business

Exim Bank Celebrates Another Milestone In East Africa’s Financial Sector

Published

on

Bank Of Uganda Governor, Emmanuel Tumusiime-Mutebile, has commended Exim Bank for being resilient and withstanding a possible upheaval as the bank rebranded from Imperial Bank to Exim Bank.

Addressing guests at a Cocktail Party at the Serena Kampala Hotel and Conference Centre to celebrate the Bank’s new identity, Governor Mutebile commended the board, management and staff of Exim Bank for bringing additional banking services and facilities to Uganda.

New TECNO Spark 3 with AI bright camera now available at RRP 429,000 UGX Click here for more

Exim Bank Managing Director, Mr. R. R. Chandramouli, thanked the Governor for maintaining a steady hand on Uganda’s banking sector.

”We are extremely grateful to you for staying the course with us all these years especially the times when some were uncertain. I’d like to think that your loyalty as customers is given to us in return for our loyalty to you as reliable bankers,” Chandramouli said.

“We also wish to thank the Governor Bank of Uganda and the government at large for continued support you have given to us as a bank and the entire financial sector. Your steady hand at the till has ensured we all stay afloat and has given confidence to investors in the financial sectors including our own,” he added.

Exim Bank Chairperson, Mrs. Sarah Nanziri Baggalaliwo, pointed out the long and venerable heritage that Exim Bank shared with Tanzania, and said Uganda was proud to be the first country in East Africa outside Tanzania that Exim Bank had chosen to expand into.

“You represent a very large number of customers that we hold in very high regard and we thank you for accepting our invitation to celebrate with us the beginning of a new era” she added.

Exim Bank Uganda began operations on March 17, 2016, taking over from Imperial Bank Uganda Limited.

The shareholders in Exim Bank Uganda are Exim Bank Tanzania with 58.6%, Mukwano Group 36.5% and Export Finance Limited 4.9%.

Exim Bank Tanzania is the largest indigenous Bank in Tanzania, and has been in operation for 19 years, with a total of 37 branches at strategic centres across Tanzania, and two overseas Subsidiaries. The Bank’s Total Assets were at Tzs 1.250 trillion (USD 580 mio) as on 31st December 2015 with Shareholders Funds of nearly USD 90 Million. The bank has two banking subsidiaries in Comoros Djibouti. Uganda is the third operational country the bank has expanded to.

Exim Bank posted a stellar financial performance for the year 2015, with the bottom line (Profit after Tax) posting a record growth of 80% over previous year at Tzs30.666 billion (USD 14 mio).

“It has been a great honor to partner with ‘Exim Brand’ here in Uganda”, said Alykhan Karmali, key promoter of the Mukwano Group.

“We are all excited to benefit from the prowess of ‘Exim Group’s experience on trusted and futuristic banking. Customers with operations in both the countries can now look forward to greater synergies, efficiencies and facilitations on banking services”, added Mr Alykhan Exim Bank Uganda shall have the privilege of making a strong beginning with a set of five well-established branches in Kampala. The bank has more than 100 dedicated and loyal staff.

(Visited 1 time, 1 visit today)
Continue Reading

Local Business

MTN donates to Old Kampala Mosque and Kisenyi Health Center in Ramadan Drive

Published

on

MTN donates to Old Kampala Mosque in Ramadan Drive

By Our Reporter

New TECNO Spark 3 with AI bright camera now available at RRP 429,000 UGX Click here for more

MTN Uganda donated an assortment of items to the Old Kampala Mosque and KCCA’s Kisenyi Health Center IV last Friday in a drive aimed at promoting the act of sharing and giving as the Muslim community observes the month of Ramadan.

Items donated included Qurans, tunics and food items such as rice, wheat flour, sugar, salt, cooking oil and juice among others.

Prior to this, MTN Uganda donated similar items to Kibuli mosque and hospital. A similar drive was held in Masaka last week. MTN will reach out to a total of eight mosques and hospitals during this month of Ramadan.

Speaking at the event, Ali Monzer, MTN Uganda’s Chief Information Officer said that MTN was elated to be able to share with the Muslim community in the country.

“Ramadan is about sharing. That is why we are here to share with our brothers and sisters,” Monzer said.

MTN donates to Kisenyi Health Center in Ramadan Drive

In his speech, Sheikh Mouhammad Ali Waiswa, the Deputy Supreme Mufti at the Uganda Supreme Muslim Council thanked MTN for its noble gesture and urged Muslims to renew their faith during this holy month.

“I pray that Allah blesses MTN for its kindness. I also urge the muslims and Ugandans at large to join in and use this month as a point of renewing their faith through prayer and fasting,” said Waiswa.

Edson Mugisha, the Administrator of Kisenyi Health center IV lauded MTN for reaching out to their patients.

“We appreciate MTN’s kindness towards our patients and their caretakers,” said Mugisha.

MTN Uganda has over the years been known for its Ramadan CSR projects as a way of connecting with its Muslim clientele.

(Visited 1 time, 1 visit today)
Continue Reading

Local Business

Uganda Breweries partners with Kabaka Foundation to construct sanitation facilities in city markets

Published

on

By Our Reporter

New TECNO Spark 3 with AI bright camera now available at RRP 429,000 UGX Click here for more

In a bid to improve the sanitation and hygiene that are health concerns in Kampala markets, Uganda Breweries Limited has launched a sanitation project that will see the brewery construct modern public sanitation facilities for the residents and traders of Nakulabye, Katwe, Mengo and Mulago Markets.

The project dubbed the “Kampala City Markets water and Sanitation” has been done in partnership with the Kabaka Foundation, which is an NGO presided over by His Majesty the Kabaka of Buganda. The 3 months project which is part of UBL’s “Water of Life” initiative will cost UGX 300 Million and will benefit over 26,000 people.

Under this project, each Market will get a modern sanitation facility with eights units; a toilet for people with disabilities, a washroom for men and women, three urinal bowls for men, one shared attendants room, a water reservoir of 5000 liters, a 1000 liter over- head tank and a water pump.

Speaking during the ground breaking ceremony at Nakulabye Market, Uganda Breweries Managing Director Mark Ocitti said, “Access to clean sanitation facilities is critical to the health and prosperity of our communities, and yet, too many people especially in the markets around the city do not have access to these basic services. Uganda Breweries is proud to partner with the Kabaka Foundation to reform and improve the lives of more than 26,000 people who live and work around these markets.”

Ocitti noted that this project is not the first done in partnership with the Buganda Kingdom. “UBL and the Kingdom have a long standing partnership to brew Ngule beer, the Kingdoms official beer. The beer is made from cassava and sorghum all of which are sourced locally from Buganda Kingdom.”

In his remarks, Owekitibwa Chris Bwanika, a Trustee in the Kabaka Foundation said, “This project marks another milestone in achieving Kabaka foundation’s aim of improving sanitation. Kampala city markets have dilapidated sanitation facilities and with the construction of these new facilities, we will now be able to address the problem of poor sanitation and the consequent spread of diseases among the residents, especially the children.”

Uganda Breweries Limited has in the past years run similar projects. In 2017, the company constructed public sanitation facilities worth UGX 300 million at Port Bell and Kirombe markets. The project benefits over 12,000 residents, traders and visitors to the two areas. UBL has also previously constructed sanitation facilities in Ggaba market and Kinawataka market.

(Visited 1 time, 1 visit today)
Continue Reading

Local Business

Sheraton hosts Muslim community to iftar dinner

Published

on

By Our Reporter

New TECNO Spark 3 with AI bright camera now available at RRP 429,000 UGX Click here for more

Sheraton Kampala Hotel treated the Muslim community to iftar dinner as they broke their fast on Thursday evening. The dinner was held to thank their Muslim partners, clients and guests for the continued support to the hotel and to also wish them blessings during this holy month of Ramadan.

The dinner was a blend of Middle Eastern and Ugandan cuisine consisting of special and customized meals of starter, salads, condiments & dressing, soups, main course, carving, dessert and a variety of drinks.

While addressing the guests during the dinner, the General Manager, Sheraton Kampala Hotel, Jean-Philippe Bittencourt encouraged the Muslims to keep up with the good spirit of brotherhood as they observe this Ramadan. He further thanked them for the immeasurable support to the Sheraton hotel and encouraged them to work as a team for peace and unity to be realized.

“To observe, this holy month, the hotel has set aside a special prayer place where our employees, guests and customers can say their prayer and break their fast. We have a designated area at the Victoria Restaurant where they can have a lavish buffet as they break their fast from Monday to Saturday,” Mr. Jean Philippe Bittencourt further noted.

Ramadan is the ninth month of the Islamic calendar and, is observed by Muslims worldwide as a month of fasting to commemorate the first revelation of the Quran to Muhammad, according to Islamic belief. Muslims are expected to put more effort into following the teachings of Islam with the fast beginning at dawn and ending at set.

Sheraton hotel during this holy month of Ramadan has special daily Iftar menu packages for individuals, families, groups and companies hosting their Muslim clients or customers to a special dinner.

(Visited 1 time, 1 visit today)
Continue Reading

Facebook

HOT RIGHT NOW